BMW Could Invest About $1 Billion in Mexico, Sources Say

MEXICO CITY—German luxury auto maker BMW AG is set to join an auto-industry production boom in Mexico by spending $1 billion to build its first assembly plant in the country, say people familiar with the matter.

BMW said it would make an announcement this week in Mexico, but declined to comment on details. The Munich-based company has been considering Mexico's central states of Hidalgo and San Luis Potosí for a factory, and the latter...